Cars News
Indian Shares Close At Over 1-Month High On Bank, Auto Boost
Indian shares closed at a more than one-month high on Tuesday as banking and auto companies gained, while the rupee recovered after breaching 80 against the dollar.
S.Korea Targets Localising 50% Of Chip Materials Supply By 2030
Jul 28, 2022 09:06 PM
South Korea said it aimed at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30% currently.
GM's Cruise Robotaxi Unit Drives Deeper Into The Red
Jul 28, 2022 08:52 PM
General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.
U.S. Senate Votes To Advance Sweeping Semiconductor Industry Bill
Jul 28, 2022 08:51 PM
The legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion.
Mahindra XUV400 Electric SUV Spied Testing Ahead Of September Debut
Jul 28, 2022 08:49 PM
All-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.
Audi India Inaugurates Audi Approved: Plus Facility In Coimbatore
Jul 30, 2022 12:59 AM
Audi India recently inaugurated a new pre-owned luxury car Audi Approved: plus outlet in Coimbatore, Tamil Nadu.
Tata Motors Signs MoU With EC Wheels India; To Supply 1,000 Xpres-T EVs
Jul 28, 2022 08:11 PM
The deliveries of the Tata Xpres-T electric sedans to EC Wheels India will commence in phases.
Nasdaq Falls With Dollar, Oil Rises; Earnings, Fed In Focus
Jul 28, 2022 07:45 PM
Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.
Yellen: U.S. Talks With India On Price Cap On Russian Oil 'Encouraging'
Jul 28, 2022 07:31 PM
U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine.
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